Crude oil prices declined with Brent crude plummeting after reports that Libyan exports are expected to rebound. WTI crude initially weakened amid forecasts that US inventory would increase further. The contract then recovered after encouraging US data and gains in Wall Street. The front-month contract for Brent crude oil slumped to a 2-week low 107.86 before ending the day at 108.12, down -1.33%.
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Brent Crude Slumped as Libya Ready to Resume Production
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